Oil Country Tubular Goods: AD/CVD Investigations for 9 Countries to Continue After ITC Finds Possible Injury
Antidumping and countervailing duty investigations on oil country tubular goods from nine countries will continue, after the International Trade Commission voted Aug. 16 that imports of the product may be hurting U.S. industry. The ITC and the Commerce Department are considering imposing antidumping duties on oil country tubular goods from India, South Korea, Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine and Vietnam, and countervailing duties on India and Turkey. A coalition of U.S. manufacturers requested the duties in July (see 13070332). The Port of New Orleans recently weighed in on the danger AD/CVD duties on oil country tubular goods could pose for the economy (see 13081401)
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AD and CV duty cash deposit requirements may come into effect as soon as Sept. 25, when Commerce is scheduled to makes its preliminary CV duty determinations. Preliminary determinations on AD duties are currently scheduled for December. Both deadlines can be extended.